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Thousands of Big Families Apply for Car Subsidies

MTI-Hungary Today 2019.07.08.

More than 2,500 big families submitted applications for subsidies to buy cars in the first week the funding was made available, Katalin Novák, state secretary for family and youth affairs, said at a press conference on Saturday.

The government has earmarked 5 billion forints (EUR 15.5m) for the subsidies this year and 10 billion forints for next year, but Novak said those allocations could be raised if demand is strong. The government hopes the funding can support purchases of vehicles by at least 10,000 big families, she added.

Women with Four Children to Be Income-tax Exempt from 2020

Families with three or more children are eligible for up to 2.5 million forints for the purchase of vehicles that seat at least seven passengers under the scheme which launched on July 1. The subsidies are one element of a package of family support measures the government is rolling out to deal with the problem of depopulation.

Featured photo by Noémi Bruzák/MTI.